Tabikobo Co. Ltd. (TSE:6548) agreed to acquire 67% stake in PT. Palm Mas Dewata Tour & Travel from PT. Ramayana Niaga Investama for approximately IDR 330 million on May 16, 2018. Tabikobo Co. Ltd will acquire 1,340 shares of PT. Palm Mas Dewata Tour & Travel. Post transaction, Tabikobo Co. Ltd. will own 67% stake and PT. Ramayana Niaga Investama will own 25.6% stake in PT. Palm Mas Dewata Tour & Travel. In a related transaction, PT. Ramayana Niaga Investama will acquire additional shares in PT. Palm Mas Dewata Tour & Travel from individual shareholders of PT. Palm Mas Dewata Tour & Travel and before completion of the transaction will hold 67% stake in PT. Palm Mas Dewata Tour & Travel. Post transaction, PT. Palm Mas Dewata Tour & Travel will operate as a subsidiary of Tabikobo Co. Ltd. As of July 5, 2018, PT. Palm Mas Dewata Tour & Travel is renamed as PT. Ramayana Tabikobo Travel. As announced on August 17, 2018, post completion of the transaction, PT. Ramayana Niaga Investama and individual shareholders will hold 26.4% and 6.6% stake in PT. Ramayana Tabikobo Travel. Palm Mas Dewata Tour & Travel reported total assets of IDR 843 million and net liabilities of IDR 1.6 billion as of December 31, 2017 and revenues of IDR 34.3 billion, and net loss of IDR 629 million for the year ended December 31, 2017. The transaction is resolved by the Board of Directors of Tabikobo Co. Ltd. The contract is expected to conclude on May 23, 2018 and the transaction is expected to complete on July 1, 2018. As of July 27, 2018, it is notified that the completion date is postponed. As of August 17, 2018, the completion date is August 24, 2018. The advisory cost payable by Tabikobo Co. Ltd is ¥6 million (IDR 764.4 million). Tabikobo Co. Ltd. (TSE:6548) completed the acquisition of 67% stake in PT. Palm Mas Dewata Tour & Travel from PT. Ramayana Niaga Investama on August 24, 2018.